DOGE Surges 3.79% as Whales Accumulate 310 Million Tokens, Trading Volume Tops $3 Billion

Dogecoin (DOGEUSDT) has experienced a 3.79% price increase over the past 24 hours, rising from a 24h open of $0.20258 to a current price of $0.21026 on Binance. This upward movement is primarily attributed to significant accumulation by large holders, who acquired over 310 million DOGE in the past 48 hours, as well as a recent rebound from key support zones and renewed market interest following a period of declines. Despite the absence of major protocol updates or new partnerships, technical factors such as a "bull market support band back-test" and speculation about a potential Dogecoin ETF have contributed to positive sentiment. Trading activity remains robust, with 24-hour volumes between $1.58 billion and $3.04 billion and a market capitalization exceeding $30 billion, placing Dogecoin among the top 10 cryptocurrencies by market value.